Mark Zaino, a former UBS trader who worked on the firm’s derivatives and municipal securities desk, pleaded guilty to fraud and conspiracy charges today in the wide-ranging investigation into sham auctions and bid rigging in financial products sold to municipalities.

In the first real data point since the performance based compensation revamp at UBS, the bank today discussed quarterly earnings. While the exact components of the new formula remain a closely guarded secret, Dealbreaker’s analyst desk has crunched the numbers to shed some light on the Swiss giant’s compensation methodology and has concluded that there […]

As we reported to you last week, Bloomberg has now managed to sniff out the fact that UBS is slurping up private wealth management professionals for large signing bonuses (which may or may not have a draw component), even as they let the IB group die on the vine. UBS AG, the Swiss bank under […]

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Feb 3, 2009 at 3:56 PM

SAC

Mary Jo White was the top federal prosecutor in New York City during Bill Bratton’s first run as the Big Apple’s top cop, and she learned a few lessons from his “broken windows” theory: Clean a place up a little, and throw the fucking book at the street urchins who are messing things up with […]